Political Quotes

Peter Roskam: I thank Chairman Brady. Not long ago, the Internal Revenue Service reached out its long arm and decided to try and get…

On the recordDecember 17, 2015
I thank Chairman Brady. Not long ago, the Internal Revenue Service reached out its long arm and decided to try and get between donors and 501(c)(4), (c)(5), and (c)(6) organizations. The IRS did something that was really provocative. What they said was--they created a false impression, and they sent letters to donors that had a chilling effect and said: We know that you made this contribution, but we think we may have a tax liability for you there. You can imagine how this had a shuddering effect all throughout these areas. And lest people think that this is a left-right issue, it is not. Left and right were both under a great deal of threat here. So I am really pleased that in this extenders package is something that has had broad bipartisan support and bicameral support and support from both the political left and the political right, and that is to say that gifts to 501(c)(4), (c)(5), and (c)(6) organizations should be tax exempt, and the IRS ought not be manipulating and intimidating and so forth. So, Mr. Speaker, what this does is it makes sure that the IRS is boxed in and that there is no gift tax liability. I strongly support this package, and I thank Chairman Brady.
Said by
Peter Roskam
Republican · Illinois
Source
govinfo.gov
Dec 17, 2015

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